Microbiology diagnostic equipment manufacturer LBT Innovations has fully written down the value of its major business centred on its APAS technology. The company has recognised a non-cash impairment of $13.4 million which is the full carrying value of the company’s intangible assets related to APAS, as well as a non cash write off of around…
The federal government is to back efforts by not for profit group North Queensland Simulation Park (NQ Spark) which is establishing an innnovation and industry precinct in critical technologies. The government signed a $32.2 million that paves the way for work to begin on northern Australia’s first collaborative defence industry hub in Townsville. Also supported…
@AuManufacturing and the Australian Manufacturing Forum’s quest to identify Australia’s 50 most innovative manufacturers is over. Editor Brent Balinski hosted a breakfast event in the Melbourne industrial heartland of Clayton this morning which saw the whole list revealed. As we planned, 50 Australian manufacturers were inducted into @AuManufacturing’s inaugural Top 50, with another 24 forcing…
BAE Systems Australia has purchased Radio Frequency Systems (Australia), taking control of a key partner in the modernisation of Australia’s Jindalee Operational Radar Network (JORN, pictured) and other critical defence projects. The decision to buy the company, a wholly owned subsidiary of Radio Frequency Systems (Germany), came as that company planned to move out of…
The iMOVE Cooperative Research Centre has announced $1 million in funding to support development of new technology, products and services in the transport sector. According to a statement from iMOVE on Thursday, its Impact Extension Program (IEP) is open to any company with an ABN, with no requirement to partner with an academic institution. Companies…
Today we continue our sponsored series reporting on BAE Systems Australia’s Partnering for success defence industry supplier event, with a look at a new way of innovating which is speeding time to market in defence – normally a long, drawn out process. Australia’s largest defence supplier BAE Systems Australia has moved to speed up the…
The shakeup in Australia’s defence innovation programmes announced last week will see research and development linked more closely to eventual purchasing by defence, according to Defence Industry Minister Pat Conroy. Speaking on ABC Radio National, Conroy said the creation of a new Advanced Strategic Capabilities Accelerator (ASCA) would focus innovation efforts on capabilities that the…
The federal government has continued its run of announcements following the release of the Defence Strategic Review last week, revealing a total shake up of defence innovation and its associated grants systems. The government said it would invest $3.4 billion over the next decade to establish the Advanced Strategic Capabilities Accelerator (ASCA), a rise of…
@AuManufacturing is searching for Australia’s 50 most innovative manufacturers, and today we feature our latest nominee for recognition, technology investment powerhouse PPK Group. Here, Peter Roberts interviews co-founder and Executive Chairman, Robin Levison. Robin Levison is an unlikely entrepreneur focussing on commercialising university research in the advanced manufacturing of totally new materials. His background is…
Innovation and entrepreneurship researcher Chad Renando has released an updated map of the Australian Innovation Ecosystem which shows the location and role of over 3,450 active in the sector in 3,744 locations around the country. Renando, the Managing Director of Global Entrepreneurship Network Australia, has updated the interface which allows people to zoom into the…
